A whale with a lot of money to spend has taken a noticeably bearish stance on Intel.
Looking at options history for Intel (NASDAQ:INTC) we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $391,246 and 4, calls, for a total amount of $131,200.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $45.0 for Intel over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Intel options trades today is 15774.36 with a total volume of 4,704.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Intel's big money trades within a strike price range of $20.0 to $45.0 over the last 30 days.
Intel Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTC | PUT | TRADE | NEUTRAL | 01/20/23 | $45.00 | $94.7K | 36.5K | 0 |
| INTC | PUT | SWEEP | BULLISH | 01/20/23 | $27.50 | $89.0K | 20.0K | 658 |
| INTC | PUT | TRADE | BULLISH | 01/20/23 | $40.00 | $47.9K | 30.8K | 38 |
| INTC | PUT | SWEEP | BULLISH | 01/20/23 | $27.50 | $45.8K | 20.0K | 806 |
| INTC | CALL | SWEEP | BEARISH | 10/21/22 | $27.00 | $42.0K | 7.4K | 1.6K |
Where Is Intel Standing Right Now?
- With a volume of 4,031,030, the price of INTC is up 2.7% at $26.61.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 10 days.
What The Experts Say On Intel:
- Goldman Sachs has decided to maintain their Sell rating on Intel, which currently sits at a price target of $24.
- Barclays has decided to maintain their Underweight rating on Intel, which currently sits at a price target of $30.
- Northland Capital Markets has decided to maintain their Outperform rating on Intel, which currently sits at a price target of $52.
- Wells Fargo has decided to maintain their Equal-Weight rating on Intel, which currently sits at a price target of $32.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intel, Benzinga Pro gives you real-time options trades alerts.
